For those who want a no-frills, no hassle, straightforward payday Loan Company on line, a site such as secure-paydayloans.com would be the one for you. They go straight to the point with a simple prequalification screen, asking your name, if you have direct deposit bank accounts, and whether you are employed or receive regular money. That's it and then you are on your way. Once you have applied, you will receive a phone call or email to tell you whether you are approved or not.
The money should be deposited in your bank the next working day. That is not the only good feature about secure-paydayloans.com.
There is a list with many different kinds of loans featured. Briefly, there are personal loans, debt consolidation, homeowner or tenant loans for the UK and US; personal loans even after bankruptcy; car finance even with bad credit for new and used cars; an online search engine and directory of lenders to those with bad credit; home equity loans; unsecured loans; small business loans; loans in the UK for personal, secured, unsecured, business, home equity, and student loans; and not for the faint of heart, loans up to fifteen thousand dollars. Quite a lot of information from a no-frills payday loan website! While on the subject, here's a little no-frills advice on the subject of a payday loan.
The first and best advice would be to not take out a payday loan unless you absolutely have to. If you can get your parents or in-laws to lend you money, the interest rate will surely be less than a commercial loan, which generally takes fees of around thirty dollars per one hundred dollars loaned. The reason for wanting the loan should be that something major has gone wrong with your car or your child (or yourself) needs emergency medical care. Money should never be borrowed for a frivolous reason! Online lenders will give a payday loan to those who qualify. They don't ask the reason, and true enough, it's not up to them to know the reason. If you secure a payday loan for something frivolous, the only one to suffer when it comes to paying it back will be you.
If, when the time comes to square up with the lender and you find yourself a little bit short, some lenders will allow an extension. This means that you will pay only the fee and it will give you another two weeks, or whatever the agreed-upon timeframe is. When the loan next comes due, you will owe the price of a loan plus the fee. Some lenders may allow a second extension, but some may not.
In several states it is the law that you can only have two extensions, but not each state mandates this. It is always a wise move to pay off your loan as soon as you can. Not only is it always good to wipe out any debt, it establishes with the lender that you are a good credit risk, and that can be helpful in the future if you need another payday loan.
Michael Errands works with borrowers of paydayloans by education them on all their possible options. For more information on paydayloans, please visit www.secure-paydayloans.com
